首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
Harvard thrilled middle-class parents last week by capping its tuition for families with incomes of up to $180,000 at 10 percent
Harvard thrilled middle-class parents last week by capping its tuition for families with incomes of up to $180,000 at 10 percent
admin
2019-09-30
98
问题
Harvard thrilled middle-class parents last week by capping its tuition for families with incomes of up to $180,000 at 10 percent of their earnings. The move sparked hopes of a donation race that could ease the soaring costs of college. Earlier this month, Duke joined a group of schools including Harvard, Princeton, and Stanford that promise free rides to low-income students.
But many point out that these gestures will affect only a few hundred lucky students. The outlays are so comparatively small that they are unlikely to divert pressure for reforms in the ways colleges spend their money—especially the estimated $380 billion of endowment funds stored in tax-free accounts. "It’s an important gesture," College Parents of America President James Boyle says of Harvard. But colleges should do more now with the money they’ve socked away for a rainy day, he says.
The numbers are smaller, but the story is similar at other colleges. The average endowment has been reaping 10 percent a year on investments since 2004. But colleges spent an average of just 4.6 percent of their endowments last year while raising tuition faster than the rate of inflation. That troubles folks like Sen. Chuck Grassley, who’s pushing Congress to require wealthy colleges to spend at least 5 percent of their endowments every year. "Tax-exempt organizations are supposed to provide public benefit in exchange for their special status," he said. "Helping the next generation afford college is a public benefit. "
Many college officials, of course, are battling such rule changes. While Harvard, Yale, and Princeton all have more than $1 million worth of endowment per student, half of all colleges have no more than $2,000 per student saved up. Even high-earning schools say they already are spending as much as they should. Chris Bittman, chief investment officer of the University of Colorado Foundation, racked up almost 23 percent in returns last fiscal year, bringing the school’s endowment to nearly $800 million. He supports the school’s policy of spending 4.5 percent. Recent big profits can’t last forever, he says. Instead, endowments should plan on earning the long-term average of 10 percent.
Still, pressure appears to be forcing some changes. In June, Stanford announced it would increase its endowment spending to 5.5 percent, or $160 million a year. If every school followed suit, that would free up about $4 billion a year(or $200 per student)to increase aid or keep tuition prices down. Or as Richard Vedder, an Ohio University economist, says, "
a small step for mankind
."
According to Paragraph 4, Chris Bittman believes that
选项
A、endowment funds should be invested in business to make money.
B、the endowment spending policies of American colleges should be reformed.
C、school’s policy of spending relies on its profits of endowment investment.
D、the gap between rich schools and poor ones still remains.
答案
C
解析
事实细节题,考查例证细节。根据Chris Bittman定位到第四段。根据Bittman的说法“近期的高收益不可能永远持续”,再根据endowment should plan on earning…这些字眼可知,他认为支出的比率是依赖于捐赠基金的投资收益情况,可知C项符合题意。
转载请注明原文地址:https://kaotiyun.com/show/Ble4777K
0
考研英语二
相关试题推荐
ThewriterwarnsAmericansthat______.By"commonresources"(Paragraph2),theauthormeansthat______.
Overthepastdecade,manycompanieshadperfectedtheartofcreatingautomaticbehaviors-habits-amongconsumers.Thesehabits
A.TheconsequenceoflosingbonesB.AbetterlabthanonearthC.TwodifferentcasesD.Multipleeffectsformwei
Thegreatrecessionmaybeover,butthiseraofhighjoblessnessisprobablybeginning.Beforeitends,itwilllikelychanget
OlympicGamesareheldeveryfouryearsatadifferentsite,inwhichathletes【1】differentnationscompeteagainsteachotherin
OlympicGamesareheldeveryfouryearsatadifferentsite,inwhichathletes【1】differentnationscompeteagainsteachotherin
Everyone,itseems,hasahealthproblem.AfterpouringbillionsintotheNationalHealthService,Britishpeoplemoanaboutdir
AnonymityisnotsomethingwhichwasinventedwiththeInternet.Anonymityandpseudonymityhasoccurredthroughouthistory.For
BritishphysicistDr.JessWadehaswritten270Wikipediapagesfortrailblazingfemalescientistsinanefforttogeteverywom
随机试题
在开庭审理过程中,被告人趁上厕所之机逃跑,较长时间一直未被抓获,应当作出何种处理?
夜惊是因为婴幼儿的睡眠过程不能正常地从深睡眠转为浅睡眠。()
下列属于唐宋八大家的是()
绒球小结叶属于()
在系统性红斑狼疮的多系统损害中,以哪项发生率最高()。
病人在医院内因为接触受污染的门把手、水龙头等引起的医院内感染,属于病人在医院内因输血而感染了某种疾病,这种传播方式属于
乳牙深龋极近髓最好选
患者,男,42岁。喘逆上气,咳痰不爽,痰质稠、色黄,恶寒身热,无汗,舌红苔黄,脉浮滑而数。治疗应首选
一般而言,商业秘密管理范围不包括()。
正确排列下面句子的顺序:①外面是连天漫地一片黑,海似的。②临睡时,我们在堂中点上了两三支洋蜡。③我们隔着烛光彼此相看,也像蒙着一层烟雾。④只有远近几声犬吠,教我们知道还在人间世里。⑤怯怯的焰子让屋顶压着,喘不出气来。正确顺序_______。
最新回复
(
0
)